Nifty - Bearish Engulfing and Doji
Updated
Nifty has formed a Bearish Engulfing on 24-June-2020 and Doji on 26-June-2020. Which has indication that that there may be downside trend.
Option Strategy as per for this week.
Buy - 9900 PE - 23.00
Sell - 10000 PE - 33.75
Buy - 10600 CE - 36.40
Sell - 10500 CE - 63.40
Maximum Profit - 2831 on Expiry
Maximum Loss - 4669 on Expiry
Capital Req: Rs.43K (Appr)
Margin Req: Rs.38K(Appr)
Probability of Profit is 60.89%
Disclaimer: Kindly do your own analysis before executing the trade. Price may differ on actual Market Hours. Profit and Loss also may differ.
Option Strategy as per for this week.
Buy - 9900 PE - 23.00
Sell - 10000 PE - 33.75
Buy - 10600 CE - 36.40
Sell - 10500 CE - 63.40
Maximum Profit - 2831 on Expiry
Maximum Loss - 4669 on Expiry
Capital Req: Rs.43K (Appr)
Margin Req: Rs.38K(Appr)
Probability of Profit is 60.89%
Disclaimer: Kindly do your own analysis before executing the trade. Price may differ on actual Market Hours. Profit and Loss also may differ.
Trade closed: target reached
Profit earned- Rs.1687.50
Disclaimer
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